Forian Inc reports results for the quarter ended in March - Earnings Summary

Forian.

12/05/2023 22:01

* Forian Inc  FORA.OQ  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for a loss of 11 cents per
share.
    * Revenue fell 23.8% to $4.87 million from a year ago;
analysts
expected $5.70 million. 
    * Forian Inc's reported EPS for the quarter was 19 cents​.
    * The mean earnings estimate of analysts had risen by
about 21.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Forian Inc shares had fallen by 35.7% this quarter and
lost 10.3% so far this year.
    * The company reported quarterly net income of $6.5 million.
    * Wall Street's median 12-month price target for Forian Inc
is
$7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
12 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.11          0.19           Beat
 Dec. 31 2022      -0.15          -0.11          Beat
 Sep. 30 2022      -0.17          -0.16          Beat
 Jun. 30 2022      -0.23          -0.17          Beat